FTAI Aviation Ltd. (NYSE:FTAI) Announces Quarterly Dividend of $0.30

FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) declared a quarterly dividend on Thursday, April 25th, NASDAQ reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 9th.

FTAI Aviation has decreased its dividend by an average of 3.1% annually over the last three years. FTAI Aviation has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FTAI Aviation to earn $3.23 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 37.2%.

FTAI Aviation Stock Down 1.1 %

Shares of FTAI Aviation stock traded down $0.90 during trading on Tuesday, reaching $77.50. The company's stock had a trading volume of 563,794 shares, compared to its average volume of 893,157. FTAI Aviation has a 1-year low of $26.94 and a 1-year high of $81.40. The company has a 50-day simple moving average of $66.31 and a two-hundred day simple moving average of $53.15. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 35.80 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same period in the prior year, the business posted $0.22 EPS. FTAI Aviation's revenue was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that FTAI Aviation will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FTAI shares. Benchmark reissued a "buy" rating and set a $100.00 target price on shares of FTAI Aviation in a research report on Thursday, May 2nd. Compass Point upped their target price on FTAI Aviation from $71.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Barclays lifted their price target on FTAI Aviation from $62.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Royal Bank of Canada started coverage on FTAI Aviation in a report on Friday. They issued an "outperform" rating and a $85.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on FTAI Aviation from $59.00 to $66.00 and gave the stock a "hold" rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of "Moderate Buy" and an average price target of $68.95.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.